Tag: debt

NIS to collect entire debt from Srbijagas in 2016 – Serbia, 14 May 2016

Late last year, the Serbian Parliament has passed a law, according to which the Serbian state will repay the debt of Srbijagas to oil company NIS in the amount of 188.6 million euros. In accordance with the dynamics stipulated by the law, on 31 December last year NIS collected 20 % of the debt from […]

No risk of insolvency for EC Oltenia – Romania, 11 May 2016

Romanian Minister of Energy Victor Grigorescu announced that there is no risk of insolvency for Energy Complex (EC) Oltenia, although the repayment of the company’s debt could take years. Minister Grigorescu stressed that the company has achieved some positive results in the past four months, however it cannot completely recover after just these four good […]

CET Govora entered insolvency – Romania, 10 May 2016

According to a decision made by the Ramnicu Valcea Court, the largest electricity producer in Valcea County CET Govora has entered insolvency. The company will be managed by judicial administrator Euro Insol, which is already administering electricity producer Hidroelectrica. CET Govora is the second largest company in Valcea County. According to the press release by […]